The Mysterious Whale Collecting Ethereum at a Cheap Price Made a Sale After a Long Time: Its Profit Is Astounding
While the latest news shows that whales are mobilizing with the rise in Ethereum, it came from a whale who was an early investor in Ethereum, the largest altcoin.
According to data from Lookonchain, this whale, one of the first investors of Ethereum, sold a total of 17,700 ETH at $ 3,503. It obtained 62.24 million DAI from this sale.
This whale, which started buying Ethereum in March 2017, made regular purchases until April 2021. During this time, he accumulated a total of 14,280 ETH from exchanges such as Gemini and Bittrex, at an average price of $182 and a cost of $2.6 million.
With the sale after 7 years, the whale made a 23-fold profit on its Ethereum investment and its profit reached 59 million dollars.

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With a team of marketing geniuses behind it, $ROOST rose from obscurity to the top of every trend chart in record time. Presales? An astounding success, raising more than $10 million in just 24 hours! 🤯
But that's not all; $ROOST's social media antics landed them in hot water, with their accounts temporarily suspended. But like a phoenix rising from the ashes, they came back stronger and posted a hilarious meme to proclaim their resilience. 💪📈
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Canary Network Recommendation for XRP Ledger
Ripple Labs and XRP Ledger ecosystem developers have agreed that a Canary Network should be established to test major updates and products before they are released to the mainnet. Wietse Wind, founder of Xumm Wallet, emphasizes the importance of building a strong testnet.
Requirement to Test AMM Feature
The expected Automatic Market Maker (AMM) feature in XRP Ledger has stopped due to an error, and it has been stated that this shows the importance of the test network. Wind stated that it is important to conduct realistic tests with Canary Network's own tokens and stablecoins to prevent failures.
Canary Network should mirror the XRP Ledger mainnet and include all key players in the ecosystem, including traders and developers. Wind emphasizes that this network should contribute to decentralization.
Comparison with Other Testnets
The XRP Ledger Canary Network proposal is planned to function similarly to Ethereum's test networks such as Goerli and Sepolia. In Ethereum, major updates are tested on test networks and integrated into the main network. For example, Ethereum's Dencun Upgrade went smoothly thanks to testnets.
Since Wind's proposal has attracted attention, more discussions about the development of the Canary Network are expected in the coming days. While these developments in the cryptocurrency world raise questions about whether this is a turning point for XRP, it is stated that the developers are working to solve the problem and the network will be operational again. As of the moment the article was prepared, XRP is trading at $ 0.63.

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